American Electric Power Company, Inc. reports regulated-utility developments across electricity generation, transmission and distribution. The company serves more than 5 million customers in 11 states and operates through utility businesses that include AEP Ohio, Indiana Michigan Power, Appalachian Power, AEP Texas and Southwestern Electric Power Co.
Recurring AEP news covers earnings, operating guidance, common stock dividends, capital investment plans, high-voltage transmission projects, customer load growth and data center-related power demand. Company updates also address operating-company leadership, state regulatory and stakeholder matters, and infrastructure planning tied to reliability and system expansion.
American Electric Power (Nasdaq: AEP) expanded its five-year capital plan to $100 billion and raised its operating earnings growth outlook. Third-quarter 2026 GAAP earnings were $1,187 million, or $2.18 per share, versus $972 million, or $1.82 per share, a year earlier. Operating earnings, which exclude selected items, rose to $2.23 per share from $1.80.
AEP expects 2026 operating earnings at or above the high end of its $6.25–$6.55 per-share range. It introduced guidance of $6.75–$7.05 for 2027 and $7.40–$7.70 for 2028, with expected annual operating EPS growth of 9%–11% from 2027 through 2031. The capital plan covers 2027–2031; AEP expects rate base, the assets used to determine regulated returns, to reach $162 billion by 2031. It signed 15 gigawatts of new load commitments during the quarter. Year-to-date GAAP earnings fell to $2,774 million from $2,998 million.
American Electric Power (Nasdaq: AEP) declared a quarterly cash dividend of 97 cents per common share, payable Dec. 10, 2026. The dividend increases by 2 cents per share and is payable to shareholders of record as of Nov. 10, 2026.
X-energy (Nasdaq: XE) signed a Joint Development Agreement with American Electric Power to advance feasibility work for a proposed 960 MW nuclear project.
The partners will evaluate a 12-unit Xe-100 small modular reactor plant near the former Breed Generating Station in Sullivan County, Indiana. The proposal would redevelop an AEP-owned brownfield site. Amazon will provide certain project development funding through milestone-based capital.
X-energy and Amazon’s broader collaboration aims to bring more than 5 GW of new nuclear capacity to the U.S. grid by 2039. The Indiana proposal is X-energy’s third announced U.S. commercial project and fourth worldwide, within an approximate 11.5 GW commercial pipeline. Separately, its first Xe-100 deployment, a proposed four-unit plant serving a Dow site in Texas, is in the final phases of Nuclear Regulatory Commission review of its construction permit application.
American Electric Power (Nasdaq: AEP) signed a joint development agreement with X-energy (Nasdaq: XE) to evaluate a 960-megawatt advanced nuclear project.
The companies are evaluating the former Indiana Michigan Power Breed Generating Station site in Sullivan County, Indiana. Amazon is supporting development through a funding agreement. The proposed facility would use X-energy's Xe-100 small modular reactors, with 12 units of 80 megawatts each. Construction and commercial operation depend on the project reaching a final investment decision and moving forward.
Amazon intends to purchase the electricity under a long-term contract covering facility and operating costs for the contract's duration. AEP says the agreements provide capital protections and financial safeguards for its customers and investors. The companies plan to work with local stakeholders and regulators as development advances.
American Electric Power (AEP) plans to invest approximately $4 billion in a fuel cell generation project under a power purchase agreement with Google.
The planned 702-megawatt facility near Cheyenne, Wyoming, will use Bloom Energy technology. Under the 20-year agreement, Google will acquire power from Cheyenne Fuel Cell, approximately 92% owned and controlled by AEP and nearly 8% owned by funds advised by Basalt Infrastructure Partners. AEP and its partners plan to begin construction in 2026, with full operation expected by the end of 2028. The project also includes plans to integrate carbon capture technology.
Kentucky Power finalized an amended agreement with TeraWulf (WULF) that would double contracted electric demand at its Muskie Data campus.
The agreement would increase demand from 500 MW to 1 GW. Subject to Kentucky Public Service Commission approval, Kentucky Power expects $100 million in TeraWulf-funded residential winter bill credits over the contract's first 10 years, beginning in 2029. Typical residential credits could be approximately $25 per month during the winter heating season. Planned delivery of the second 500-MW phase moves from 2030 to 2029, subject to approval and Kentucky Power's construction schedule. TeraWulf also agreed to pay estimated financing costs for Kentucky Power's planned 760-MW Big Sandy generation facility. Kentucky Power plans to seek regulatory approvals later this year.
American Electric Power (Nasdaq: AEP), through subsidiary Indiana Michigan Power (I&M), announced a proposed base rate reduction plan for Indiana customers, featuring approximately $59 million in 2027 bill reductions. A typical Indiana residential customer using 1,000 kWh per month is expected to save about $100 per year.
The plan also proposes a three-year freeze on all rates on Indiana residential monthly bills. I&M attributes the proposal to load growth and higher revenue from large customers, including data centers. A decision from the Indiana Utility Regulatory Commission is anticipated in June 2027, with savings expected to appear on bills starting summer 2027.
American Electric Power (Nasdaq: AEP) reported second-quarter 2026 revenue of $5.445 billion, up from $5.087 billion a year earlier, with GAAP earnings of $713 million or $1.31 per share versus $1.226 billion or $2.29 per share in 2025. Operating earnings were $742 million or $1.36 per share, compared with $766 million or $1.43 per share.
AEP raised its full-year 2026 operating EPS guidance to $6.25–$6.55 (from $6.15–$6.45) and estimated GAAP EPS of $6.16–$6.46. The company reaffirmed a 7%–9% annual operating earnings growth rate through 2030 and cited a five-year, $78 billion capital plan plus over $10 billion of additional potential investments.
AEP highlighted up to $16 billion in expected cost offsets for residential customers, about $5 billion in DOE loans and nearly $400 million in DOE grants, together expected to deliver roughly $1.4 billion in customer benefits. Contracted load additions rose to 69 GW through 2030, and approximately 13 GW of gas-fired turbine capacity has been secured, with up to 10 GW more under evaluation.
American Electric Power (Nasdaq: AEP) elected David Marriott, Chairman of Marriott International, and Charles Meyers, Executive Chairman and former CEO of Equinix, to its Board of Directors effective July 20, 2026. Marriott contributes large-scale, customer-focused operations experience from global hospitality, while Meyers adds digital infrastructure expertise from leading a major data center and interconnection platform.
According to AEP, their backgrounds align with the company’s strategy to meet rising electricity demand while emphasizing reliability, affordability and long-term shareholder value. Following these appointments, AEP’s Board now has 12 directors, including 11 independent members.
American Electric Power (Nasdaq: AEP) declared a regular quarterly cash dividend of $0.95 per share on its common stock. The dividend is payable Sept. 10, 2026, to shareholders of record on Aug. 10, 2026.
The company plans to invest $78 billion from 2026-2030 to enhance its electric service for 5.6 million customers across 11 states.